I think it's all getting a bit overinflated to be honest...

The big loan was the securitisation (18m - ish) which was to consolidate all our existing debts and finance the new south stand. I think that's down to about 12M now.

The NU corner is obviously nearly paid off.

The money for the laurence scott land can be viewed as a necessisty to bridge the gap between buying the land and selling it to the developers for a profit. Without the loan, we don't get the profit.

You can even look at money owing for e.g. fitting out the offices in the south stand - the cost of the loan is covered by the rent, and we pocket the difference. Restaurants / catering etc all provide income more than justifying the original outlay.

Posted By: Boris Johnson MP on October 21st 2007 at 20:26:05

Message Thread

Simple question (NCFC) - The King of Prussia, Oct 21, 19:57:04
- Can't see it (NCFC) - Chunter, Oct 21, 20:03:51
  - Why should they? (NCFC) - The King of Prussia, Oct 21, 20:14:14
    - How have we ended up with a debt this large? (NCFC) - Tricky Hawes, Oct 21, 20:18:44
      - The securitised loan was £15m (n/m) (NCFC) - Commisar_Canary, Oct 22, 00:06:51
      - I think it's all getting a bit overinflated to be honest... (NCFC) - Boris Johnson MP, Oct 21, 20:26:05
      - For fuck's sake (NCFC) - Iwan Husarmi, Oct 21, 20:22:07
        
        IF you had been paying attention (NCFC) - The King of Prussia, Oct 21, 22:23:59
        
        right. Had assumed that this was largely the case (NCFC) - Tricky Hawes, Oct 21, 20:26:35
        
        9.5 million pound a year wage bill (NCFC) - strap_on sally, Oct 21, 20:32:03
        
        Good point. Also look left and note that awful hotel tho. (n/m) (NCFC) - Andyjzr, Oct 21, 20:23:26
        
        Would that be the hotel that we DID build for free? (NCFC) - Boris Johnson MP, Oct 21, 20:28:02
        
        we didn't pay to build the hotel, the holiday inn did (n/m) (NCFC) - strap_on sally, Oct 21, 20:26:05
        
        Yes, we haven't and won't make any money on the hotel. (n/m) (NCFC) - Andyjzr, Oct 21, 20:31:58
        
        We've got a third share in it. When it's sold, we get the bucks. (NCFC) - Boris Johnson MP, Oct 21, 20:35:06
        
        No we could'nt build an in-fill ................. (NCFC) - Andyjzr, Oct 21, 20:50:12
        
        Please think about what you have posted - if the land is (NCFC) - Commisar_Canary, Oct 22, 00:12:03
        
        Where did I say you're lying? (NCFC) - Boris Johnson MP, Oct 21, 20:59:47
        
        And that doesn't change anything I said, btw. (n/m) (NCFC) - Boris Johnson MP, Oct 21, 20:55:39
        
        Never heard that before. (n/m) (NCFC) - Boris Johnson MP, Oct 21, 20:54:45
        
        Any member of the publc can go and see it. Go and ask at City Hall Boris. Honestly. (n/m) (NCFC) - Andyjzr, Oct 21, 20:58:23
        
        Where did I say you're lying? (NCFC) - Boris Johnson MP, Oct 21, 21:01:35
        
        Boris,I've not said you are mate!!!! (n/m) (NCFC) - Andyjzr, Oct 21, 21:16:13
        
        Really did'nt call you a liar and would'nt. Frankly you care. I'm not nasty to anyone. (n/m) (NCFC) - Andyjzr, Oct 21, 21:17:42
        
        thats the thing we are making money (NCFC) - strap_on sally, Oct 21, 20:33:22
        
        lol Sold to one company to another. Boris are you sure about this? (n/m) (NCFC) - Andyjzr, Oct 21, 20:38:34
        
        Don't really understand what the question is, but... (NCFC) - Boris Johnson MP, Oct 21, 20:44:30
- surely one relevant question here (NCFC) - Tricky Hawes, Oct 21, 20:02:50

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